Salman S.H

India: Fashion startup Universal Sportsbiz raises $4.6m in venture debt from Alteria Capital

The company will use the fresh funds for working capital needs including for expansion into new markets, and for various marketing activities, according to Vinod Murali, managing partner, Alteria Capital.


Indian entrepreneur who sold startup to Facebook reveals latest venture

Kumar Rangarajan, who sold Little Eye Labs to Facebook in 2014, has floated Slang Labs, which attempts to build software that can allow internet companies to accept voice commands from customers similar to Apple’s Siri.


India: Fireside Ventures closes first fund at $52m

Fireside’s debut fund drew investment from FMCG brands, including Unilever Ventures and ITC, and investors including Premji Invest and Westbridge Capital.


India: Online lending startup Avail Finance raises funds from Matrix Partners, others

Avail Finance has raised a total of $17.2m so far, including debt and credit lines from multiple NBFCs and other investors.


India: Early-stage VC firm Prime Venture closes third fund at $60m

Prime Venture closed its first fund in 2012 with a corpus of $8m and its second fund was closed in 2015 when it raised $46m.


India: Aye Finance raises $3.9m from Hinduja Finance and IntelleGrow

The NBFC said it is in advanced talks with investors to raise an additional Rs150 crore in Series C funding.


India: Dailyhunt’s journey from classified ads to news aggregation

Dailyhunt is now scaling up its offerings to include video, audio and GIF content.


India: Car rental startup Drivezy raises $5m via ICO

Existing investors and high net worth individuals (HNIs) from Japan and Singapore participated in the round.


Logistics startup Cogoport in talks with Accel Partners to raise up to $8m

The proposed deal is one of the largest early-stage funding rounds into logistics start-ups.


India: Swiggy raises $100m funding led by Naspers, joined by China’s Meituan

Rival Zomato recently announced it’s raising $200 million from Alibaba-affiliate Ant Financial.